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Trent Q4 profit, margins jump; board clears 1:2 bonus and equity raise
The Tata Group retailer's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged 42.3% YoY to ₹927.8 crore, comfortably beating the CNBC-TV18 poll estimate of ₹848 crore.
Bonus, dividend alert: Trent announces 1:2 issue, ₹6 payout with Q4 results
Trent approved a 1:2 bonus share issue, a ₹6 final dividend and a ₹2,500 crore fundraise plan, signalling confidence in growth as the Tata Group retailer expands its fashion footprint.
Trent Q4 Results: Cons PAT jumps 26% YoY to Rs 400 crore; Rs 6/share dividend declared
Trent Q4 Results: Trent, a Tata Group firm, announced a robust 26% surge in its March quarter net profit, reaching Rs 400 crore. Revenue from operations also climbed 19% to Rs 5,028 crore. Shareholders will benefit from a Rs 6 per share dividend and a 1:2 bonus issue, marking the company's first.
Trent announces first-ever bonus issue in 1:2 ratio. Check details
Trent, the parent company of Westside and Zudio, announced its first-ever bonus issue, offering shares in a 1:2 ratio to over five lakh shareholders. The Tata Group company will issue one bonus share for every two held, subject to shareholder approval, and also declared a Rs 6 dividend.
Top Gainers & Losers on April 22: HCL Tech, Tata Elxsi, Infosys, Bajaj Auto, Nykaa, PTC Industries among top losers - Mint
Top Gainers & Losers on April 22: HCL Tech, Tata Elxsi, Infosys, Bajaj Auto, Nykaa, PTC Industries among top losersMint
Top Gainers & Losers on April 22: HCL Tech, Tata Elxsi, Infosys, Bajaj Auto, Nykaa, PTC Industries among top losers
The Indian stock market experienced a sell-off on April 22, closing lower as technology stocks plunged. The Nifty 50 fell 0.81%, and S&P BSE Sensex declined 0.95%, with investors wary of US-Iran tensions and fluctuating crude oil prices.
IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 cr
Indian Hotels Company (IHCL), a Tata Group firm, has finalized its acquisition of a 51% stake in Brij Hospitality for approximately Rs 222 crore. This strategic investment, made through IHCL and its step-down subsidiaries, now makes Brij Hospitality a subsidiary of IHCL. The deal involved purchasing shares from existing shareholders and a primary investment in Brij.
CLSA prefers food plays: bullish on Nestle, Tata Consumer, Varun Beverages
Aditya Soman, Senior Research Analyst at CLSA India, remains positive on Eternal and DMart, describing them as high-conviction ideas for the firm despite near-term volatility.
Trent shares jump 7% this week: Should you buy this Tata group stock ahead of bonus, dividend and Q4 results? - Mint
Trent shares jump 7% this week: Should you buy this Tata group stock ahead of bonus, dividend and Q4 results?Mint
Trent shares jump 7% this week: Should you buy this Tata group stock ahead of bonus, dividend and Q4 results?
Trent shares dipped marginally today, 22 April, amid a broader market weakness and as investors booked gains following a five-day rise. In this week alone, the Tata group stock has risen 7% ahead of bonus issue and dividend announcement.
Not just Adani or Tata: This Rs 2,100-cr small-cap is building India’s green hydrogen future - financialexpress.com
Not just Adani or Tata: This Rs 2,100-cr small-cap is building India’s green hydrogen futurefinancialexpress.com
Amara Raja plans to begin bulk production of EV cells in 2027
India is building a lithium-ion cell manufacturing ecosystem. EV makers should anticipate a price premium on locally produced cells in the near future. Companies like Amara Raja and Tata Group's Agratas are investing heavily. Bulk production is expected to commence around 2027. This development aims to support the growing electric vehicle and energy storage sectors.